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Most Popular Articles

ICC’s new rules on documentary credits now available

Paris, 4 December 2006

ICC is pleased to announce the publication of the 2007 Revision of Uniform Customs and Practice for Documentary Credits, UCP 600.

ICC inaugurates prize for excellence in international law research
Paris, 9 June 2006 To forge closer ties between law practitioners and academia, the Institute of World Business Law, part of the International Chamber of Commerce (ICC), has inaugurated its first-ever prize in academic research.

Banking commission approves revised rules on documentary credits
Paris, 25 October 2006 By a unanimous vote of 91 to 0, the ICC Banking Commission today approved UCP 600, ICC's revised rules on documentary credits. This is the first revision of the rules since UCP 500, the previous version, was approved in 1993.

Global CEOs form coalition to fight counterfeiting and piracy, warn on threat to jobs, investment and consumer safety
London, 4 October 2005 Business leaders from some of the world’s top companies today formed a unique coalition to take the fight against the theft of intellectual property to the highest international level.

Revised ICC rules on documentary credits make progress
Paris, 26 October 2005 ICC’s Banking Commission yesterday wrapped up two days of intense discussions on proposed revisions to ICC’s universally used rules on documentary credits. This was the first time a full draft of the revised rules had been presented to the Commission.

Business toughens anti-bribery rules
Paris, 6 October 2005 The International Chamber of Commerce today issued a tougher version of its Rules of Conduct to Combat Extortion and Bribery, including a stronger rejection of facilitation payments and a requirement that companies establish confidential channels for staff members to seek advice and report violations without fear of retaliation.

ICC calls for investment in ports as bottlenecks build up
Paris, 24 May 2005 ICC is concerned about the inadequacy of infrastructure serving many ports worldwide, threatening the smooth flow of global trade. It calls on the freight industry and public authorities to act now to expand freight transport infrastructure, reducing congestion on roads and railways to ports and eliminating bottlenecks. In many ports, freight containers are piling high as a result of bottlenecks.

ICC issues new guidelines on marketing and advertising using electronic media
Paris, 6 April 2005 The International Chamber of Commerce (ICC) has published updated Guidelines on Marketing and Advertising using Electronic Media that address recent developments in the field of digital media and other technologies.

New ethical code guides marketing communications worldwide
Paris, 28 September 2006 To address new ethical challenges brought on by a rapidly-changing media landscape, ICC has published a consolidated and expanded version of its advertising and marketing codes.

ICC to wrap up new documentary credit rules this year
Paris, 16 May 2006 The ICC Banking Commission is working toward final approval of a revision to UCP 500, ICC's universally used rules on documentary credits. Three years in preparation, the revision, which may be completed as early as October, will contain major changes to rules which govern billions of dollars in letter of credit transactions each year.

World business community delivers appeal to G8 leaders
Paris, 5 July 2005 In a statement issued to all G8 leaders, businesses from around the world asked them to use their upcoming meeting in Scotland on 6-8 July to address four key issues: drawing developing countries into the global economy, particularly Africa; bringing the Doha trade negotiations to a successful close; addressing climate change more effectively; and protecting intellectual property and innovation.

What one needs to know about intellectual property issues today
Paris, 19 April 2006 To help decisionmakers from all areas of society navigate and understand intellectual property issues better, the International Chamber of Commerce has published a new roadmap.

Business endorses UN convention on electronic contracting
Paris 19 June 2006 The International Chamber of Commerce supports the recently-concluded United Nations Convention on the Use of Electronic Communications in International Contracts as a useful reform to spur development of cross-border online commerce in the developed and developing world.

Economists see upturn in global economy
Paris 21 August 2007 The global economy is set to expand in the second half of the year in all major regions, as expectations for the current quarter and the next six months are revised upwards, according to the latest ICC and Ifo World Economic Survey released today.

Banking Commission approves document on international standard banking practice
Singapore, 27 April 2007 By a unanimous vote of 71-0, the ICC Commission on Banking Technique and Practice approved an updated version of its widely acclaimed publication, International Standard Banking Practice for the Examination of Documents under Documentary Credits (ISBP). The voting took place at the commission’s meeting in Singapore yesterday.

Business calls for enhanced cooperation on supply chain security rules
Paris, 27 October 2005 ICC is calling for greater coordination among public authorities on the implementation of supply chain security rules.

Key coalition formed to fight private sector corruption on Anti-Corruption Day
Paris, 9 December 2005 On the occasion of the second International Anti-Corruption Day, the International Chamber of Commerce (ICC) has joined forces with Transparency International, the World Economic Forum and the United Nations Global Compact to support business efforts against corruption and bribery.

ICC to hold first conference on new documentary credit rules
Paris, 31 July 2006 ICC's revised rules on documentary credits, commonly called "UCP", are expected to be approved for release at the next meeting of the ICC Banking Commission on 24-25 October in Paris.

Jurisdictional certainty is essential in international contracts
Paris, 2 April 2003 An unexpectedly large proportion of companies are dissuaded from going ahead with international contracts because of doubts about which national courts would resolve any dispute, an ICC survey disclosed today.

Self-regulation works: ICC plans consolidated global marketing code
New York, 17 January 2006 In the context of a fast-changing media landscape for marketers and advertisers, the International Chamber of Commerce held a series of meetings in New York last week to address challenges to self-regulation.

Survey shows clear recovery trend for world economy
Paris, 21 February 2006 The world economic climate continued its recovery course with stronger momentum than last year and expectations for the next six months are high, according to the results of the latest International Chamber of Commerce/Ifo World Economic Survey, released today.

ICC urges action to defeat corruption
Paris, 29 July 2005 ICC is concerned that very few countries have ratified the United Nations Convention Against Corruption, signed back in December 2003. It urges all countries that signed the convention in Merida, Mexico, more than 18 months ago to ratify the convention and start implementing it into national law.

Economists predict a revival of the world economy in the second half of 2005
Paris, 23 August 2005 The recent cool down of the world economy is expected to pick-up over the next six months, according to the results of the latest ICC/Ifo World Economic Survey (WES).

ICC’s new rules on documentary credits take effect
Paris, 1 July 2007 ICC’s universally used rules on documentary credits, UCP 600, come into effect on 1 July 2007.

Liber Amicorum in honour of Robert Briner
Paris, 25 November 2005 Friends and colleagues gathered at the Pavillon Gabriel here today to honour Dr Robert Briner, who is shortly to step down as Chairman of the ICC International Court of Arbitration.

Compulsory audit firm rotation the "wrong solution"
Paris, 16 March 2005 World business today said that compulsory rotation of audit firms is the "wrong solution" for correcting real or perceived weaknesses in auditor independence.

DCInsight focuses on UCP 500 revision
Paris, 1 October 2005 DCInsight, ICC's authoritative quarterly newsletter on documentary credits, has become even more indispensable as the revision of UCP 500 moves into its final stages.

How business is making the world better
4 May 2005 One interesting thing about corporate social responsibility is just how long we in business have been talking about it. Certainly a decade, perhaps longer.

Strong Nordic business support for UN convention
Copenhagen, 4 February 2005 Businesses in Denmark, Finland, Norway and Sweden have joined forces through ICC to urge their governments to fully ratify an international trade convention.

ICC documentary credits newsletter celebrates 12th anniversary
Paris, 30 January 2006 DCInsight, ICC’s authoritative quarterly newsletter on documentary credits, today marked its 12th anniversary with a 24-page issue devoted largely to the revision of UCP 500, ICC’s universally used rules on letters of credit.